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College and University Discussion
Reply to "Tufts new tuition free policy "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] They might be getting large restricted gifts to fund some of this. Which is very short-sighted of the donors. It is also a matter of priorities - they might think (I would say incorrectly) that this is part of their mission and they will make sacrifices elsewhere to make it happen.[/quote] You think donors are short-sighted in how they want their money spent and think schools are interpreting their own mission incorrectly? Impressive![/quote] Unrestricted gifts are much more useful to a university than restricted. That is finance 101. So many wealthy people fund pet projects (often with their names on them) that are of little use to universities rather than letting the universities use their discretion. And if a university is having to make significant cuts to its operations that impact the education experience, maintaining those programs to me is more important than going from X% kids getting full rides to X+5% kids getting full rides assuming X>0, which it already was at all of these schools. Every university likely has plenty of fat to trim, but some of these numbers being tossed around indicate that they are going beyond cutting low hanging fruit.[/quote]
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